DESCO
 


About Desco

Also in this section:

   What is a credit union?

   History of Credit Unions

   Who can join Desco?

   What services do we offer?

   Branch Locations

   Board of Directors

   How is our money protected?

   Privacy Policy

   Online Services Disclosure

   Employment Opportunities

The NCUA and NCUSIF

The National Credit Union Administration (NCUA) is the United States independent federal agency that supervises and charters federal credit unions. NCUA also insures savings in federal and most state-chartered credit unions across the country through the National Credit Union Share Insurance Fund (NCUSIF), a federal fund backed by the full faith and credit of the United States government.

          This agency is the credit union's equivalent of the FDIC (Federal Deposit Insurance Corporation), which serves the same function for banks. The NCUA supervises the activities of credit unions and conducts periodic examinations to insure that the credit union is following generally accepted accounting procedures and that they are operating in compliance with all regulations.

          The National Credit Union Share Insurance Fund (NCUSIF) is administered by the National Credit Union Administration (NCUA) for the purpose of providing deposit insurance to protect deposits of credit union members at insured institutions in the United States. It was created in 1970 shortly after the creation of the NCUA as an independent regulator of credit unions. The NCUSIF is funded completely by participating credit unions, and no taxpayer dollars have ever been used to bail out a credit union. The NCUSIF is backed by the full faith and credit of the United States government.

Desco goes further . . . . .



For your additional security, we provide excess share insurance to insure your savings up to $500,000

Learn more.


Routing #: 242278823
Main Office Portsmouth, OH
740-354-7791     1-800-488-0746
Serving Ohio, West Virginia and Kentucky
Equal Housing Lender        NCUA        MasterCard Secure Code    Vision and Mission:
To create value for our members
Member value is defined as providing
high quality competitive products and services,
delivered by friendly supportive and knowledgeable
staff, all from a safe and sound organization.